Britain expects 5,000 financial services jobs to leave by Brexit Day

John Glen told lawmakers that he agreed with Bank of England estimates that 5,000 financial services jobs will have moved to continental Europe by the time Britain is due to leave the EU next March.

Published 5:55 AM ET Wed, 10 Oct 2018
Reuters

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The financial district in London.

Britain's financial services minister said he would do all he can to ensure that the City of London continues to be major financial center after Britain leaves the European Union, although thousands of jobs will move to the continent.

John Glen told lawmakers that he agreed with Bank of England estimates that 5,000 financial services jobs will have moved to continental Europe by the time Britain is due to leave the EU next March.